HRL would also offer stock to existing investors in a share purchase plan on the same terms. "The acquisition is transformational and positions HRL for its next stage of growth by expanding the business' capabilities and expertise in …
Scoop7mon
Hormel Foods Corporation (HRL) produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & …
Hormel shares rose $0.05 (+0.14%) to $36.40 in premarket trading Thursday. HRL stock has fallen 8% year-to-date, badly trailing the 7% return of the benchmark S&P 500 index in the same period.